Content analysis
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Legalese | ||
Litigous | ||
Readability |
Coll. sophomore V bad
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New words:
appealing, ASU, Backstop, beginning, Biden, Chairman, content, country, created, Department, Don, doubt, Entry, excise, extension, free, inflation, lead, leading, Litigation, mandatory, military, newly, NYSE, October, President, PSLRA, publicly, Reform, Russian, Thompson, Update
Removed:
industry, June, NaN
Financial report summary
?Risks
- The Excise Tax included in the Inflation Reduction Act of 2022 may decrease the value of our securities, hinder our ability to consummate an initial business combination, and decrease the amount of funds available for distribution to our stockholders in the event of a liquidation or in connection with redemptions of our common stock after December 31, 2022.
- Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations.
Management Discussion
- For the nine months ended September 30, 2022 and 2021, we had net income of $5,450,902 and $358,729 of which $7,934,291 and $3,057,250 is a non-cash gain related to the change in fair value of the warrant liability, respectively. Our business activities during the quarter mainly consisted of identifying and evaluating prospective acquisition candidates for a Business Combination. We believe that we have sufficient funds available to complete our efforts to effect a Business Combination with an operating business by March 1, 2023. However, if our estimates of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our Business Combination.